More Pain for Facebook and Nvidia

More Pain for Facebook and Nvidia

Facebook (POST) and Nvidia (NVDA) two of the flagships of technology, seem to pass a real test.

Both companies lost tens of billions of dollars in market value during the trading week ending September 16.

The implications are huge for these two companies that just dropped out of the top 10 most valuable companies in the world.

The Facebook networking giant, now called Meta Platforms, is but a shadow of what it was a year ago. Indeed, on September 7, 2021, Facebook joined the prestigious club of companies worth at least $1 trillion with a market capitalization of $1.078 trillion set that day.

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